Robert Ellis says ..

Property Oracle says ..

The property is located in Berridge, Nottingham, and is a three-bedroom terraced house listed at £175,000. The average house price in the area is £198,694, with an average price per square foot of £230. Several nearby properties on Cedar Road have sold for between £72,000 and £115,000. Other nearby terraced houses have sold for prices ranging from £120,000 to £825,000, indicating significant price variation in the immediate area. The property’s proximity to schools like Djanogly Sherwood Academy, Claremont Primary, and Djanogly City Academy (all within a kilometer) is a positive factor. The presence of several railway stations within a reasonable distance also improves its accessibility.

Based on the provided images, the property appears to be in need of significant renovation. The kitchen and bathroom show signs of wear and tear, and several rooms require updating or repair. The property includes a small yard, although the size is not specified.

Given the condition of the property, the need for renovation, and the relatively low list price compared to the average price in the area, the property could represent good value for money for a buyer willing to undertake a renovation project. However, the lack of square footage data makes it difficult to definitively assess the price per square foot and compare it to area averages. The significant variation in prices of nearby properties also makes it challenging to determine the precise market value of the property without additional information.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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